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that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state capitol of annapolis. the president is heading there to address u.s. senate democrats during their annual retreat. the event is an opportunity for each cause to talk about the strategy for the upcoming year and a calmer -- in a calmer setting than our nation's capitol. >>> jurors are still trying to come up with a verdict in the felicia barnes murder trial. day three of deliberations will begin this morning. jurors got the case on monday and spent yesterday going over all the evidence. late in the afternoon they asked to watch two videotapes the state sh
that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state...
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Feb 6, 2013
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of the report shows the city will accumulate a $745 million budget deficit over the next decade because of a growing gap in how much the city earns and the amount it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawltings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> thousands of people are celebrating the raven's super bowl win, violence hit the streets of baltimore. just two ploks from pratt street, police say a fight led to a triple stabbing and that a teenager is dead. this happened around 1:30 yesterday afternoon at the corner of howard and fayette. the teens were between the ages of 15 and 16 years old. one teen is in critical condition, the other is in serious condition. abc 2 news has found a memorial page for one of the teens, that te
of the report shows the city will accumulate a $745 million budget deficit over the next decade because of a growing gap in how much the city earns and the amount it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia....
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Feb 6, 2013
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the cuts take effect on march 1 unless congress can agree on a deficit-reduction plan. sally kidd has the latest on the republican plan from our washington bureau. >> republican members of the house and senate armed services committee say their proposal would achieve $85 billion in savings without raising taxes. the republican plan calls for reduction in the federal work force through attrition and a pay freeze for members of congress. >> this is the way of doing it without cutting defense is -- defenses and without raising taxes. >> sequestration will be delayed for one year while congress works on a long-term deficit reduction plan. >> every discussion we occurred from the president seems to begin and end with tax increases. >> the white house says the gop plan is not balanced. >> they do not have the support of the american people. compromise solutions have the support of the american people. >> without action by march 1, $500 billion in arbitrary and across-the-board cuts to defense and domestic programs will take effect. >> this is not a game. >> leanne panetta acc
the cuts take effect on march 1 unless congress can agree on a deficit-reduction plan. sally kidd has the latest on the republican plan from our washington bureau. >> republican members of the house and senate armed services committee say their proposal would achieve $85 billion in savings without raising taxes. the republican plan calls for reduction in the federal work force through attrition and a pay freeze for members of congress. >> this is the way of doing it without cutting...
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Feb 6, 2013
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it shows the city will accumulate a $745 million budget deficit over the next decade pause of a growing gap -- because of a dproaing gap in how much the city earns and how much it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philly. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> it was a party bigger than anything we have ever seen. more than 200,000 people gathered to celebrate the super bowl champions, the baltimore ravens. you better believe, though, a big story was traffic congestion. it caused huge delays. in fact, the players, the coaches, the lombardi trophy, that's why they were late to start the parade in the first place. they finally made it to the start of city hall where things kicked off and with the help of the maryland national guard
it shows the city will accumulate a $745 million budget deficit over the next decade pause of a growing gap -- because of a dproaing gap in how much the city earns and how much it spends. that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in...
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Feb 5, 2013
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. >> the task is to agree on plans to slash the trillion dollars from the deficit with the deadline of march 1. right now, there's no deal in sight. >> i believe they should at least half a smaller package. >> president obama is calling on congress to pass a short-term measure, a combination of spending cuts and tax measures that would delay sequestration until the start of the next fiscal year. >> there's no reason the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together. >> the president says the delay will give congress more time to work out a longer-term deal. >> the sequester is $500 billion in automatic spending cuts over the next 10 years. they have already put it off by two months with the rhythmic -- with a mix of revenues and spending cuts. >> republicans a more tax revenue as out question. house speaker john boehner says americans don't support sacrificing real spending cuts or tax hikes. economists say the st
. >> the task is to agree on plans to slash the trillion dollars from the deficit with the deadline of march 1. right now, there's no deal in sight. >> i believe they should at least half a smaller package. >> president obama is calling on congress to pass a short-term measure, a combination of spending cuts and tax measures that would delay sequestration until the start of the next fiscal year. >> there's no reason the jobs of thousands of americans who work in national...
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Feb 6, 2013
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that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm. mayor rawlings blake is expected to propose financial reforms next week based on the report. linda stow, abc 2 news. >>> president obama will be in annapolis. he's going to talk strategy with u.s. senate democrats at a closed-door retreat. the president is expected to discuss financial matters as well as gun control and immigration. >>> also today governor martin o'malley will testify on the gun control bill. he'll appear before senate judicial proceedings committee in annapolis. the governor wants to ban assault-style guns and require restrictions for handguns. the measure would also set aside in the state budget for safety. >>> police are still trying to figure out what led to a deadly stabbing just as the raven's victory celebration was wrapping up yesterday. the victims sadly are thr
that deficit would be even bigger at $2 billion if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms it, will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm. mayor rawlings blake is expected to propose financial reforms next week based on the report. linda stow, abc 2 news. >>> president obama will be in annapolis. he's going to talk...
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Feb 8, 2013
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a budget deficit... of... more ttan... 700---million & dollars... over the nexx ecade. & ecadd. tonighh jeff abblll peports on some of the unnerlying reasons whh. 3 3 a grave assessment of the citt's fiscal future from he mayorrabs) 1-5"if we fail to acc. weewill enn up in the same situation as many other & dolllars in deficits for years &pto comebut why is a city with highest taxes in the stateaalwaas broke?fox 45 dug deeper into the numbers and found some disturbing - trendseven as the city's population shrinksbaltimore government has become 33 the costs...ppy and benefftt forrcity employees02:16::3"wee - were once thh 6th largest city ffom the us census bureau shows baltimooe citt payroll - rose by thirtt million dollars peroii when the city lost -3 30,,00 residentsand despite falling on the list of the nation's argest cities baltimore cootinues to employ & more workers than arger ciiiisslike denver and pheonix whhch are actually growing - 02:26:31"they're perversely paid, that shove off costs to the future when they are not going to be sustainable" driving up costs are emplo
a budget deficit... of... more ttan... 700---million & dollars... over the nexx ecade. & ecadd. tonighh jeff abblll peports on some of the unnerlying reasons whh. 3 3 a grave assessment of the citt's fiscal future from he mayorrabs) 1-5"if we fail to acc. weewill enn up in the same situation as many other & dolllars in deficits for years &pto comebut why is a city with highest taxes in the stateaalwaas broke?fox 45 dug deeper into the numbers and found some disturbing -...
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problem or whether deficit spending should continue. those cuts are already having an impact. a report last week showed the growth in the 4th quarter shrank because of uncertainty of what is going to happen with sequestration. that's the latest here. i'm melanie alnwick. >> thank you much. >>> in other news this morning, dc mayor vincent gray highlighted the city's successes during third annual state of district address. he mentioned a 3% drop in unemployment. the creation of 28,000 private sector jobs in the last two years. unprecedented development and a drop in crime. mayor gray says he hopes to add thousands of new affordable housing units and create new opportunities for start up businesses and tech companies. >> new this morning, dc police officer is recovering and a suspect is in serious condition after a dangerous late night call. officers responded to a domestic violence call on 13th street around 11:00 last night. the suspect attacked the officer with a knife striking him in the back. he is said to be doing okay this morning.
problem or whether deficit spending should continue. those cuts are already having an impact. a report last week showed the growth in the 4th quarter shrank because of uncertainty of what is going to happen with sequestration. that's the latest here. i'm melanie alnwick. >> thank you much. >>> in other news this morning, dc mayor vincent gray highlighted the city's successes during third annual state of district address. he mentioned a 3% drop in unemployment. the creation of...
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Feb 7, 2013
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the city will face a deficit of more than $2 billion by 2013. according to a new study, commissioned by the city, the mayor is preparing to launch a series of mayor reforms. -- major reforms. she will detail the plans on monday's state of the speech. >>> the world's largest auto show is here in baltimore for the weekend. we sent out abc2 news linda so for a preview to the convention center. you've shown us hot cars and sensible cars, what do you have for us now? >> reporter: all right, you want the top down? check out this one. isn't it a beauty? yeah it's nice. can't do nit this kind of weather. be -- it in this kind of weather but very soon. it's always nice to dream isn't it? they really have something here for everyone at the car show. i know you have been dieing to see some minivans. i want to tell you that the toyota sienna this year, the rear middle seats actually have foot rests that you can pop up kind of like a recliner seat so your kids can ride around in style with their feet up. watching the entertainment system any kind of movie. i
the city will face a deficit of more than $2 billion by 2013. according to a new study, commissioned by the city, the mayor is preparing to launch a series of mayor reforms. -- major reforms. she will detail the plans on monday's state of the speech. >>> the world's largest auto show is here in baltimore for the weekend. we sent out abc2 news linda so for a preview to the convention center. you've shown us hot cars and sensible cars, what do you have for us now? >> reporter: all...
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now, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts. the sequestration cuts are unpopular with both parties and there are concerns about the economic impact. >> our economy right now is headed in the right direction and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> reporter: you may remember these cuts were originally scheduled to kick in on january 1st because congress could not agree on a broader package for deficit reduction back in 2011 and 2012 in exchange for republicans agreeing to raise the de
now, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts....
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it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10 years. what this means for regular folks. >> here is what it boils down to, basically. if huge automatic spending cuts kicks in and the economy slows down, all of us will feel the impact. nearly everyone on both sides in washington would like to avoid that, the question is, how? another day, another dollar, another fiscal fight in washington. the issue now, massive spending cuts. it is called sequestration and we were not supposed to get to this point in the first place. >> this was never intended to happen, it was a proposal that was meant to spur lawmakers into action to come up wi
it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10...
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Feb 4, 2013
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. - 3 the steps lawmakers are takkng to reduce thh deficit and promote econooic growth.. 3 just days after news thht the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs eeonomy is taking a step forward, but some economisss say ii's on a slow path. -3 some say one offthe things polding up progress is folkss in washinggon. president obama is ccaling on lawmakers toowork together on a balanced approach to reduce the deficit and promote economii growth. but continued gridlock may pmpact a deal.dowd: republicans are unwilling to let's ddficit spend in order 3&&pare unwilliig to address -3 government ssending, so they -3 deficit spend, both sides, wwich iswhy the country does not rust washington. -& while thh wwite house and 3 fiscal cciff, the eal alss deferred auuomaticcspend
. - 3 the steps lawmakers are takkng to reduce thh deficit and promote econooic growth.. 3 just days after news thht the economy as shrunk slightly in the fourth uarter of 2012, presidenn obama says the recovvry issshowwng signn & of growth. the president sat down with c-b-s' scott pelley forrannexccusive innerview aheaddof the superr -3 bowl.marianne rafferty hassmore. 3 ooama says: "housing is 3 going strong, car sales are uu. the truth is overall here were a lottof ositive signs...
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they say let's deficit spend. democrats deficit spend. that is why the country does not trust washington. >> reporter: congress is still working to pass a budget that satisfies both the house and the senate. the president says, if lawmakers can agree to work together, the country's budget issues can be resolved. >> there is a way for us to solve these budget in a responsible way through a balanced approach that the vast majority of people agree with. if we do that, there is no reason why we can't have really strong growth in 2013. we can't have washington dysfunction getting in the way. >> reporter: on monday morning, the commerce department is expected to release factory orders for december. the measure indicates the health of the u.s. manufacturing sector. analysts expect an increase of 2.3%. in new york, mary ann rafferty, fox news. >>> good morning. it is 4:30 on this monday, february 4th. taking a live look over washington, d.c., a cold start to your day. there are a lot of people who don't care. good morning. i'm sarah simmons i'm w
they say let's deficit spend. democrats deficit spend. that is why the country does not trust washington. >> reporter: congress is still working to pass a budget that satisfies both the house and the senate. the president says, if lawmakers can agree to work together, the country's budget issues can be resolved. >> there is a way for us to solve these budget in a responsible way through a balanced approach that the vast majority of people agree with. if we do that, there is no...
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Feb 7, 2013
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. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about what cuts will be made during her state of the city address next week. if you'd like to take a closer look at our report, you can go to our website, wbaltv.com. >> president obama is hoping to get more democrats to support his second term plans. a push that came through annapolis today. he addressed senate democrats at a closed-door retreat. he delivered a preview of next week's state of the union speech in hopes of getting more lawmakers to back his efforts to reform medicare and immigration as well as his budget plans and assault weapons ban. today we learned florida senator marco rubio will deliver the republican
. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about...
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the president will ask congress to reduce the deficit in the short-term before automatic cuts kick in march 1st. >>> and right now, the president is meeting with labor leaders and immigration reform groups to discuss his plan to fix the nation's immigration laws, he'll discuss the issue with some of the country's most prominent ceos. the house committee is holding the first in a series of hearings on immigration reform. the committee's chairman said he hopes the hearings help house lawmakers come up with a bill on this issue. a bipartisan group of senators unveiled their own immigration proposal last week. >>> and maryland dog owners will rally in annapolis this morning in hopes of earning more protection if their pet bites someone. right now pit bulls and their owners are singled out for punishment even if the dog has no previous evidence of being dangerous. today's demonstration supports a new measure that would hold all dog owners responsible for a bite. but it also allows the owner to prove in court that the dog was not dangerous. >>> wait until you hear the next story. it turns o
the president will ask congress to reduce the deficit in the short-term before automatic cuts kick in march 1st. >>> and right now, the president is meeting with labor leaders and immigration reform groups to discuss his plan to fix the nation's immigration laws, he'll discuss the issue with some of the country's most prominent ceos. the house committee is holding the first in a series of hearings on immigration reform. the committee's chairman said he hopes the hearings help house...
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the final minute, the deficit down to 5 and smith misses in the lane. the battle for the rebound and tipping it in finally. the colonials full -- pull to within 3. the one-possession game and under a minute to g. four seconds left, gw down 3. the inbound bound to joe mcdonald and loses the ball. appears to be fouled and kroma unable to get the shot off and lonagan want wants the fall and doesn't get the foul and falls to 14th-rank butler, 59-56. >>> and hughet and george mason hosting the delaware blue hens in fairfax and starting in the first half. the patriots trailing by 5. allen gives to okalosha hitting the 3-pointer, the deficit down to two and that is as close as george mason gets. the second half, mason down 6 and jonathan arledge misses from the stop and there is no luck with the rebound. and ahead to -- forward with the dunk and falls to delaware, 79-72. >>> the tech square off today and the hokies, they would miss the first 10 shots. yes, i said that and scoring the first, seven minutes into the game. eric green down the lane, heaven -3, geor
the final minute, the deficit down to 5 and smith misses in the lane. the battle for the rebound and tipping it in finally. the colonials full -- pull to within 3. the one-possession game and under a minute to g. four seconds left, gw down 3. the inbound bound to joe mcdonald and loses the ball. appears to be fouled and kroma unable to get the shot off and lonagan want wants the fall and doesn't get the foul and falls to 14th-rank butler, 59-56. >>> and hughet and george mason hosting...
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public financial managgmmnt million dollars in budget deficits over tte nexx pecade... duee o a wideningg gap bbtween projeeted revenes & and expeeditures.if you add in -3 the citt's infrastructure needs and aalo it's liibiiity forrrrtiree health care &pbenefits... the tooal -3 dollars over 100yyaas.the report goes on to say thht baltimmre's city goveenment -& avoid bannruptcy. -3 p3 we now baltimmre has delt with bbdget deeicits before. you mmy emember ciiy &pgovernment closed a $121 million dollar buget gap in 20-10... bb enacting sooe new taxee... likeethe ttxxon bottled beverages and hiiher hotel and arking levies.but & expertsssay hooe were one- time fixes... and didd't address the loog-term sttuuttal imbalance.the 3 report... prepaaed smilar 3 phiiaaelphia... pittsburgh aad d-c.tte news is expected to be released to the ublic at & today's itt council meettng. 33 the suspect accused of opening fire inside the faaily &&pd-c... will appear in courtt 3p3 floyd corkins theesecond... is scheduled for a statuu hearing....for allegedly shooting a security guurd last summe
public financial managgmmnt million dollars in budget deficits over tte nexx pecade... duee o a wideningg gap bbtween projeeted revenes & and expeeditures.if you add in -3 the citt's infrastructure needs and aalo it's liibiiity forrrrtiree health care &pbenefits... the tooal -3 dollars over 100yyaas.the report goes on to say thht baltimmre's city goveenment -& avoid bannruptcy. -3 p3 we now baltimmre has delt with bbdget deeicits before. you mmy emember ciiy &pgovernment closed...
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and president obama says there's no doubt additional revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development that are going to help us grow. >> well, today the president travels to minneapolis where he'll push for proposals to gun control durs his visit. susan mcginnis is in washington. good morning. >> good morning. this will be the president's first trip outside washington to push his gun proposalproposals. he's pushing for a big rally in support of this. in the meantime the senators are said to be preparing their own legislation very similar to the president's employee posal but conspicuously absent is the assault weapons ban. he takes his pitch for gun safety to minneapolis today. he wants congress to
and president obama says there's no doubt additional revenue is needed to bring down the deficit but believes it can be done without another tax hike. speaking to cbs news anchor scott pelley yesterday, the president said the u.s. can reduce its deficit by closing tax loopholes and making what he calls smart budget reductions. >> if you combine those things together, then we cannot only reduce our deficit, but we can continue to invest in things like education and research and development...
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Feb 5, 2013
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for the first time since president obama took office, the federal deficit will drop below $1 trillion. last friday the down jones closed above 14,000 for the first time in five years. january brought modest job growth and drug dripping gains. for 10 scek tough months -- consecutive months housing prices have gone up. >> we sold 43 homes in the month of january, the best january since twief. >> reporter: the president warned congress to avoid self-inflicted wounds that could stall the economy. karen travers, abc2 news, washington. >>> scammers started making threatening phone calls after a woman turned down a bogus offer. >>> it was probably just a joke but a niner fan could get into trouble after a stunt. the consequence he could face for pointing a laser at a news helicopter. my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my arches needed more support. in two minutes, the dr. scholl's foot mapping center showed me my free foot map and my number. i'm a 440. that matche
for the first time since president obama took office, the federal deficit will drop below $1 trillion. last friday the down jones closed above 14,000 for the first time in five years. january brought modest job growth and drug dripping gains. for 10 scek tough months -- consecutive months housing prices have gone up. >> we sold 43 homes in the month of january, the best january since twief. >> reporter: the president warned congress to avoid self-inflicted wounds that could stall...
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it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead with his policies and that's where we are now, we've got to deal with the long run and forget about the short-term. >> brenda: and john, that's actually only one more quarter of negative gdp we'll be in recession? >> sorry about that. >> all cuts are good as far as i'm concerned, but a meat ax is a little bit of exaggeration, this is more like a butter knife that these cuts are so small, there's nothing there and he what i would like to see is the government take more of a private sector approach, like a businessman and say, let's evaluate what we have 'cause many of these government programs ove
it's-- we are facing a situation with these deficits that in three or four more years, the deficit's going to be down to 600 or 700 billion dollars a year which is an enormous amount of money and then we're going to have another recession and it's going to go up to 1.5 or even more trillion dollars and we're not going to be able to deal with it and if we have inflation which we're going to have at some point we won't be able to pay the debt service. and now it's in the long run we'll be dead...
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he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall street packs that can raise tens of billions of dollars. and we can do some cutting, but in that cbo report that you mentioned, it also said that the kind of austerity program which the sequester would represent would be damaging to the recovery, would hurt gdp, and, of course, that's in line with what most economists believe. i think we've got to be very careful when we just say we've got a cut, without regard to the impact of those cuts, both on the economy and on some very important programs. >> you know what the republicans' answer to that is. they say one of the conce
he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall...
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Feb 4, 2013
02/13
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crabtree bounces off a few guys in the end from 31 yards, deficit cut. 10 minutes left, 9ers down 31- 23, kaepernick dangerous with those wheels in from 15 oint. the two-point conversion fails but 49ers within two. less than two minutes, this really the game. 9ers down five, 4th and goal, incomplete. kaepernick trying to find crabtree. take another look, see if you see their little penalty there, jimmy smith on the coverage. yeah, they don't call it. john harbaugh with a pumped fist. jim harbaugh says this was what you should have called. no holding penalty. ravens defeat the 49ers in super bowl xlvii, 34-31 to win their second super bowl, first in 12 years, mvp joe flacco. the harbaughs with the postgame meeting. of course, ray lewis is excited, the 17 year vet goes out with a fairytale script winning the super bowl in his final game. >> it's no greater way as a champ to go out on your last ride with the men that i went out with my teammates and you looked around this stadium and baltimore, baltimore, we brought it home, baby! >> we don't make it easy, but that's the way the city of
crabtree bounces off a few guys in the end from 31 yards, deficit cut. 10 minutes left, 9ers down 31- 23, kaepernick dangerous with those wheels in from 15 oint. the two-point conversion fails but 49ers within two. less than two minutes, this really the game. 9ers down five, 4th and goal, incomplete. kaepernick trying to find crabtree. take another look, see if you see their little penalty there, jimmy smith on the coverage. yeah, they don't call it. john harbaugh with a pumped fist. jim...
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Feb 7, 2013
02/13
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city oo sound 3 pbell ii heee withhsome solutions, jeef.... 3 -3 3 right now, the city is facing 3 deficit..... and according to city consultants, that will billion dollars in the next &pdecade if thh city oeen't change its course..- he mmyor delivered the news yesterray when she releassd a grim forecast of the city's financial future. pith the highest taxes in the pttte....always seem toobe broke? the mayor blamee &pheallhhcare and pension costs 3 tonight, sme critics are blamiig city leaderssfor &pcrrating a pension rogram which....they cannot fund. -33 3 2:19:48would put so much eephasisson retirement - benefits, when you doostatic workkorce." & tonight attten, 33&p tonight at ten, we'll pake a hard look at the siie offcity governmmnt. the city may be shrinking....but is youu overnment ssrrnking too....:? jjff abell, foo p5, ews at five. 3 a... judge ...has dismissed a lawsuit... & over the mmyyr's lan... to install a phone systtmm.. for baltimore city eeployees. employees.the suit... -3& wws... filed by 33 ppatt..../she claimed... mayor ...administration... 3 poopetitiveebidding proces
city oo sound 3 pbell ii heee withhsome solutions, jeef.... 3 -3 3 right now, the city is facing 3 deficit..... and according to city consultants, that will billion dollars in the next &pdecade if thh city oeen't change its course..- he mmyor delivered the news yesterray when she releassd a grim forecast of the city's financial future. pith the highest taxes in the pttte....always seem toobe broke? the mayor blamee &pheallhhcare and pension costs 3 tonight, sme critics are blamiig city...
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wake clawed back from a 20 point deficit to climb within 3 in the closing minutes maryland prevails, 73-63. that is a quick hit of sports hope everybody has a good nigh this is so sick! i can't believe your mom let you take her car out. this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. >>> it wasn't a pretty sight at this annual parade in switzerland. people wore all these ugly masks the reason for the masks dates back to the 15th century. people wear them to scare off the goods of winter. -- god
wake clawed back from a 20 point deficit to climb within 3 in the closing minutes maryland prevails, 73-63. that is a quick hit of sports hope everybody has a good nigh this is so sick! i can't believe your mom let you take her car out. this is awesome! whoooo! you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... (mom) i raised my son to be careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru....
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the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's see your plan. let's show it to the american people and have the discussion about the proper way to manage down this debt and deficit. >> reporter: without a budget deal on march 1st so-called sequestration will force reductions in military training, cutbacks in operations, and layoffs of civilian pentagon employees plus civilian defense contractors. >> it's an idiotic management nightmare to try to run a complex sophisticated, long-term program when you have short-term, massive cuts. >> reporter: deep cuts also loom in social services. outgoing defense secretary panetta slammed democrats and republicans for their game of chicken. >> let's see how bad it can get in order to have the other party blink. >> reporter: some senate republicans today said push the deadline back seven months. but house speaker john boehner said in effect he will not blink. >> at some point, washington has to deal with its spending problem. i've watched t
the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's see your plan. let's show it to the american people and have the discussion about the proper way to manage down this debt and deficit. >> reporter: without a budget deal on march 1st so-called sequestration will force reductions in military training, cutbacks in operations, and layoffs of civilian pentagon employees plus...
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Feb 6, 2013
02/13
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we talk about debt and deficit a lot. according to the cbo report our debt is growing, the deficit has come down. what can you tell us about the discrepancy there? >> right. well the federal budget deficit is about half of what it was in 2009, this is the yearly federal expenditures, right stp-t budget battle in washington continues to be a philosophical debate on spending cuts versus taxes, and what the right battle should be to fix our fiscal mess. do we swallow the bitter pill now for cuts and higher taxes to purchase growth in the future or do we reign in taxes. they need to know what to do about 85 billion in spinning cuts. republicans, no surprise said spending cuts only, that's been the mantra. jenna: that's where they are. and we'll see where potentially we meet in the middle. eventually we'll have to do something. big numbers out there. lori, thank you. jon: speaking of spending cuts, big changes could be coming to your mailbox. the u.s. postal service set to scrap saturday mail delivery. but does that cash-strap
we talk about debt and deficit a lot. according to the cbo report our debt is growing, the deficit has come down. what can you tell us about the discrepancy there? >> right. well the federal budget deficit is about half of what it was in 2009, this is the yearly federal expenditures, right stp-t budget battle in washington continues to be a philosophical debate on spending cuts versus taxes, and what the right battle should be to fix our fiscal mess. do we swallow the bitter pill now for...
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Feb 6, 2013
02/13
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boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax increase with a narrow 5.5% wholesale tax on gasoline. the second amendment would have set the retail fuel tax at 8%. governor mcdonnell issued a statement which said clearly this was all about partisanship, not policy and virginians deserve far better from their elected officials. >>> d.c. mayor gray vincent unveiled new proposals in his annual state of the district address. >> we are growing more than in decades with 30,000 new residents in the last two years, a growth rate of more than 1100 net new residents per month. >> the mayor proposed spending millions of dollars to build and preserve affordable housing
boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax...
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Feb 6, 2013
02/13
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congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and local congressmen are concerned about the impact on our economy. >> and sequestration will hurt not only the defense side but the non-defense side. my committee funds the f.b.i. there will probably be furloughs at the f.b.i. there will be furloughs potentially at the national cancer institute, at nih. this thing has ramifications for defense and non-defense. >> reporter: the cuts were originally scheduled to kick in january 1st because congress couldn't grow on a broad package to reduce the deficit several times in 2011 and 2012 in excomping for republicans agreeing to
congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and...
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Feb 5, 2013
02/13
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indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >> you stop for this passenger, you stop for the white passenger, you pass the black passenger, and you're not even licensed to pick up people on the street at all. >> quite a confrontation and now we have a big development in the wake of our undercover d.c. taxi investigation. the taxi cab commission is taking action to address the violations that we exposed. and it could include inspectors working alongside of our undercover crews. investigative reporter has been logging a whole lot of miles on this one, and russ, how would they embed their inspectors are our people? >> one of the frustrating things for viewers is that all those taxi cabs had to face was -- they walked scott free. in fact, one of those cabs, he would have impounded that if he had his lax along with us. the next time we do this operation, he doesn't have the
indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >> you stop for this passenger, you stop for the white passenger, you pass the black passenger, and you're not even licensed to pick up people on the street at all. >> quite a confrontation and now we have a big...
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Feb 5, 2013
02/13
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he was taken to a hospital to be checked-- he suffers from asperger's syndrome and attention deficit disorder. officials are declining to release details about todays raid. but say, they decided to carry it out because the boy faced imminent danger. after dykes was seen with a gun. still no word on exactly how the gunman died. >> jacqueline: the fog is going to be returning >> jacqueline: the fog is going to be returning bec[ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on. pizza is served. digiorno pizza is just $3.88. and here's a treat. dreyer's ice cream is only $2.88. real big deals this week and every week. only at safeway. ingredients for life. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then,
he was taken to a hospital to be checked-- he suffers from asperger's syndrome and attention deficit disorder. officials are declining to release details about todays raid. but say, they decided to carry it out because the boy faced imminent danger. after dykes was seen with a gun. still no word on exactly how the gunman died. >> jacqueline: the fog is going to be returning >> jacqueline: the fog is going to be returning bec[ female announcer ] safeway presents real big deals of the...
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Feb 6, 2013
02/13
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WBAL
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john boehner said, "we believe there's a better way to reduce the deficit." part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. hallie jackson, wbal-tv 11 news . >> some good news for the housing industry. home prices rose by more than -- the most in six and half years. prices rose by 8.3% in december. prices rose last year in 46 of the 50 states. this helps to fuel the housing recovery. a new study on engaging traffic fines drivers need to allow more time for traffic if they want to arrive on time. everett should add more = = = = = = = = = = = = = = = = = driver should set aside nearly two hours in the washington, d.c., area. that brings us to our water cooler question of the day. what is the worst morning commute you ever had to endure? you can share your response on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. the pentagon may offer some benefits to same-sex couples. there is another fiscal showdown on capitol
john boehner said, "we believe there's a better way to reduce the deficit." part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. hallie jackson, wbal-tv 11 news . >> some good news for the housing industry. home prices rose by more than -- the most in six and half years. prices rose by 8.3% in december. prices rose last year in 46 of the 50 states. this helps to fuel...
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Feb 7, 2013
02/13
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. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about what cuts will be made during her state of the city address next week. if you'd like to take a closer look at our report, you can go to our website, wbaltv.com. >> president obama is hoping to get more democrats to support his second term plans. a push that came through annapolis today. he addressed senate democrats at a closed-door retreat. he delivered a preview of next week's state of the union speech in hopes of getting more lawmakers to back his efforts to reform medicare and immigration as well as his budget plans and assault weapons ban. today we learned florida senator marco rubio will deliver the republican
. $745 million includes a budget deficit, failing infrastructure as well as health care and pension benefits accounts for $1.30 billion of the potential shortfall. >> if we act now we cabn teens the trajectory. >> the mayor highlights of your key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. the mayor says she will get more specific about...
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that could happen sooner to depending on what happens to inrest rates in the deficits. we are getting to that point. the difference in terms of real pain now in interest among we will be paying and is more than our entire defense budget which is a pretty big deal. gerri: here is another number that blew me away. 7 million people, 7 million people will lose their employer sponsored health care. you see how this happens because ultimately that penalty that you paid as an employer is less than what you would pay for full coverage. the smart and intelligent employer says and is going to let the federal government pick up the tab. this is not what we were promised. >> that's right. now what we were promised that all, and will we are told that even a modest plan under obamacare is likely to cost an american family $20,000 a year, that is a lot of people are going to do, not just employers, but individuals. this is a joy to result in more people going on to some form of government support and is going to result, perhaps, and a lot of people going without health insurance. it c
that could happen sooner to depending on what happens to inrest rates in the deficits. we are getting to that point. the difference in terms of real pain now in interest among we will be paying and is more than our entire defense budget which is a pretty big deal. gerri: here is another number that blew me away. 7 million people, 7 million people will lose their employer sponsored health care. you see how this happens because ultimately that penalty that you paid as an employer is less than...
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Feb 3, 2013
02/13
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WJLA
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he talked about the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in sight to that hostage standoff in alabama. jim continues to hold a 5-year-old boy in a bunker. they have been communicating with him and they are able to provide medicine to the child. ethan will turn 6 years old later this week. so far authorities are tight lipped about what he wants. police say this standoff continues. funeral services were held until alabama for that bus driver. he tried to block him from grabbing more students off the bus. people say he acted heroricically when hi got in the way of the gunman. >> a spokesperson says clinton is a long-time friend and the mayor advised hillary clinton when
he talked about the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in...
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Feb 6, 2013
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presidente le pidiÓ al congreso que busque maneras de suavisar estos recortes, la idea es que reduzcan el dÉficit. >>> la ayuda continÚa para los damnificados de sandy, a pesar que los fondos fueron aprobados, las quejas crecen de parte de los damnificados, blanca rosa nos dice de quÉ manera. >>> frente a la municipalidad y en medio de las bajas temperaturas, quienes no regresaron a casa fueron a protestar. >>> ahora estoy viviendo en un hotel, antes tenÍa mi apartamento, cuando sandy fue a nueva york se me fue todo, perÍi todo. >>> raquel rivera vite en este hotel pagado por la ciudad de nueva york con su hija de 7 aÑos. >>> no tenemos cocina, necesito comprar comida de afuera. >>> la supertormenta destruyÓ mÁs de 300 mil casas, pero solo 18 mil recibieron ayuda. en nueva jersey 346 mil casas daÑadas, solo 14 mil reparadas. el gobernador dijo que perdÍa la paciencia con las demoras en el reembolso. a una ho aÚn ahora viven mÁs de familias fuera de sus casas. >>> hizo subsidios de renta para 10 mil personas para mississippi pero aquÍ en nueva york no pasÓ. y creo que hay diferentes n
presidente le pidiÓ al congreso que busque maneras de suavisar estos recortes, la idea es que reduzcan el dÉficit. >>> la ayuda continÚa para los damnificados de sandy, a pesar que los fondos fueron aprobados, las quejas crecen de parte de los damnificados, blanca rosa nos dice de quÉ manera. >>> frente a la municipalidad y en medio de las bajas temperaturas, quienes no regresaron a casa fueron a protestar. >>> ahora estoy viviendo en un hotel, antes tenÍa mi...
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Feb 7, 2013
02/13
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WMAR
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baltimore may not be able to pay its bills in ten years if major changes aren't made the city will face a deficit of more than two (200) 000-0000 in ten years. the mayor is preparing to launch a series of major reforms. >> if we act now, if we act decisively and boldly, we can change the pra eject ri for the city. >> the mayor will dethe mrans monday during the speech. >> governor o'malley is pushing for tronger gun laws but some from maryland are pushing back. many gathered today to protest the gun laws. one of the protestors is a howard county schoolteacher. he would like teachers to have the option to be certified to carry weapons in schools i learned about sandy hook while i was teaching a first grade scomplas the first thing i thought was that i would have no means to defend my children if somebody came in. >> on top of the protest, the president met with leading democrats to discuss legislative issues some people are still cleaning up after superstorm sandy. tonight our two u.s. senators say federal help is on the way. the department of housing and urban development will be 8.6 million doll
baltimore may not be able to pay its bills in ten years if major changes aren't made the city will face a deficit of more than two (200) 000-0000 in ten years. the mayor is preparing to launch a series of major reforms. >> if we act now, if we act decisively and boldly, we can change the pra eject ri for the city. >> the mayor will dethe mrans monday during the speech. >> governor o'malley is pushing for tronger gun laws but some from maryland are pushing back. many gathered...
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Feb 9, 2013
02/13
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. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all eventually going to have to pay higher taxes, but as the only item in your play book how to fix your economy it doesn't seem like it's ever going to work. >> i keep thinking if taxes are so terrible, why don't we just have no taxes at all. why don't we pay for-- >> 100% taxes. >> why don't we have no taxes at all and why don't you not interrupt me for once? >> i can't help it. >> why don't we have no taxes at all and why don't we have some some balance in the budget. and for gosh sakes, we're grownup disciplined people and we're supposed to balance the budget not supposed to be like small children. >> okay, c
. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all...
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Feb 6, 2013
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. >> reporter: this comes as new data from the congressional budget office shows the deficit will be under $1 trillion for the first time in five years. republicans say that is still unsustainable because the nation's debt will hit $26 trillion by the year 2023n washington, jennifer davis, fox news. >>> we still have plenty ahead. your weather be traffic and all your top stories. >> fox 5 morning news at 4:30 starts now. >>> we are over the hump or almost over the hump. it is wednesday, hump day. a live look outside washington, d.c. right now. chilly start to your morning. as usual in the wintertime, getting a little interesting and start changing especially in february which is typically the coldest month of the year. just saying. >> here he goes already. >> i'm wisdom martin. >> i'm sarah simmons. welcome to fox 5 morning news. let's say hello to tucker barnes. >> that was an amazing traffic scene up in baltimore. >> really? of a got the san francisco 49ers tie on. what is this about? >> sarah calling him out. >> you weren't supposed to notice that. >> it says something. >> thank y
. >> reporter: this comes as new data from the congressional budget office shows the deficit will be under $1 trillion for the first time in five years. republicans say that is still unsustainable because the nation's debt will hit $26 trillion by the year 2023n washington, jennifer davis, fox news. >>> we still have plenty ahead. your weather be traffic and all your top stories. >> fox 5 morning news at 4:30 starts now. >>> we are over the hump or almost over the...
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Feb 6, 2013
02/13
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"we believe there's a better way to reduce the deficit," said john boehner. part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. >> where does our debt stand? >> we have run more than $1 chilean in red ink -- $1 trillion. our debt will be $845 billion. busy projection -- that is the projection. >> 5:27. >> city police investigate a triple stabbing that happened near yesterday's victory parade. >> the weather is nice and quiet this morning. >> we are checking on the area roads. the car on the left was filled up with low detergent gasoline. the car on the right was filled up with bp gasoline with invigorate. which helps clean and protect its engine so it can get a few more miles per tank than the car on the left. go a little farther with bp gasoline with invigorate. now you have the power to lower gas prices with the bp visa with pump rewards. apply at choosebp.com >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00
"we believe there's a better way to reduce the deficit," said john boehner. part of the proposal has included cuts to entitlement programs like medicare and social security. the president signaled yesterday he may be open to some of those. >> where does our debt stand? >> we have run more than $1 chilean in red ink -- $1 trillion. our debt will be $845 billion. busy projection -- that is the projection. >> 5:27. >> city police investigate a triple stabbing that...
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Feb 6, 2013
02/13
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incorporrted.it showss hat ballimooe willlaacumuuaaee$7455 miilion dollaas in budget deficits ooer the nexx decade... due to a wideningg - and expenditures.if yyuuadd in the city's iifrastruuture peeds nd also itts llabilityy for retiree healtt care 3 shortfall reachee $2-billlon dollars over 0 years.the & report goes on to say that baltimorees city governmenn must enacc major rrffrms to avoiddbankrrptcy. &3 we now altimore hassdelt withhbudget deficits before. - you may remeebee city government closed a $121 million dollar buget gap in p2-10... y enacting somm new taxes... like tte tax on bottled beverages and igher hotel andd arring levves.buu exxerts say those wereeone--- time fiies... and didn't address theelong-ttrm consulttnggfirm that diddthe report... prepared imilar forecasts for mmami... phiildelphia... pittsburgh and d--cthe news is expecteddto be peleased o the public at poday's city council meetinn. 3&pwe'rr hooing toohear from the - mayor at that tiie.aad poosible solutions.as for the more whaatexperts say is to blame in justt30 min.i'm megan gilliland ffx455morning news.
incorporrted.it showss hat ballimooe willlaacumuuaaee$7455 miilion dollaas in budget deficits ooer the nexx decade... due to a wideningg - and expenditures.if yyuuadd in the city's iifrastruuture peeds nd also itts llabilityy for retiree healtt care 3 shortfall reachee $2-billlon dollars over 0 years.the & report goes on to say that baltimorees city governmenn must enacc major rrffrms to avoiddbankrrptcy. &3 we now altimore hassdelt withhbudget deficits before. - you may remeebee city...
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Feb 5, 2013
02/13
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WTTG
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. >> reporter: under the terms of earlier deficit deals, congress will find $85 million in reductions by march 1st. if not, they would shrink pentagon spending by 7.9% and domidwesting spending by 5.3% and medicare a 2% reduction. >> i believe they should pass a smaller package of spending cuts and tax reforms that would delay the economically damaging affects of the sequester for a few more mots until congress finds a way. >> reporter: the president wants to raise more money by ending tax loopholes, but republicans want deeper entitlement cuts. >> if we're going to connect with the american people, it's important that they see not only that we're serious about solving our debt problems. >> a studdie by george mason university estimated 448,000 jobs could be affected in d.c., maryland, and virginia. for months, defense contractors have pleaded for action. >> we would hope that congress would meet their obligations to us and to the public. >> reporter: virginia congressman frank wolf wrote to the president and speaker arguing the bipartisan plan would avoid sequestration and stop its w
. >> reporter: under the terms of earlier deficit deals, congress will find $85 million in reductions by march 1st. if not, they would shrink pentagon spending by 7.9% and domidwesting spending by 5.3% and medicare a 2% reduction. >> i believe they should pass a smaller package of spending cuts and tax reforms that would delay the economically damaging affects of the sequester for a few more mots until congress finds a way. >> reporter: the president wants to raise more money...
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Feb 6, 2013
02/13
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WMAR
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the city of baltimore is looking at a huge deficit in 10 years if it keeps going the way it is now. we're talking $2 billion. it came in a new study commissioned by the city. it comes with aging infrastructure and pensions. >> if we act now,y and boldly, we can change the tra ject pri for the city. >> her first proposals will be rolled out during the state of the city address which comes on monday. >>> this may take a chemist to pronounce the ingredients in ice cream. what about the ones that are supposed to be all natural. we'll tell you what you may friend briar -- find from breyer's. >> we have the results of a new dating service coming up. >>> ice cream lovers have been buying breyer's ice cream for decades. it's one of the few brands that prided itself on being natural but some foodies are furious. they said breyer's is changing its recipe. john matarese as more. >> reporter: they have prided themselves as one of the last natural ice creams but have you noticed? that's all starting to change. when you think of ice cream in the supermarket, many of us think breyer's for its whol
the city of baltimore is looking at a huge deficit in 10 years if it keeps going the way it is now. we're talking $2 billion. it came in a new study commissioned by the city. it comes with aging infrastructure and pensions. >> if we act now,y and boldly, we can change the tra ject pri for the city. >> her first proposals will be rolled out during the state of the city address which comes on monday. >>> this may take a chemist to pronounce the ingredients in ice cream. what...
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Feb 6, 2013
02/13
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FOXNEWS
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would that help solve the $16 billion deficit that the usps has? >> there have been other agreements with the other unions who have done the same thing. step to the plate. look at a lower pay for those employees, incoming employees. the unions have done that. >> okay. >> the unions have worked with the postal service to do that. we need to look a the at increasing business, not cutting and slashing but increasing business and have six-day delivery. >> okay. >> and increase our service to the american public. >> ma'am, i'm going to let you go he, but the quinnipiac coal had americans voting four to one in favor of eliminating the first class mail service. we're going to have to leave it there. >> thank you very much. >>> thank you. >>> unions want him out of the job. what's the post master general have to say about that? patrick donohoe will be a special guest at 8 p.m. on fbn. don't miss that. >>> can states force law abiding gun owners to pay for future victims of crime? they're about to try. straight from the congressional budget office, he signe
would that help solve the $16 billion deficit that the usps has? >> there have been other agreements with the other unions who have done the same thing. step to the plate. look at a lower pay for those employees, incoming employees. the unions have done that. >> okay. >> the unions have worked with the postal service to do that. we need to look a the at increasing business, not cutting and slashing but increasing business and have six-day delivery. >> okay. >> and...
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Feb 5, 2013
02/13
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CSPAN2
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he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of reference in the party? >> guest: it shows that a huge monumental figure he was. not just what he did in the world, but to the republican party. he fundamentally reshaped the republican party in lots and lots of ways and this time has gone on, he's grown in the imagination of the republican party and he should. he was one of the great presidents of the 20th century. there's a lot to learn both in terms of principle stands in terms of countenance and tone, the way he carried himself. he was a man of extraordinary grace and dignity. he was really by his opponents and never returned in
he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of...